How to Build a High Yield Dividend Portfolio for Passive Income

How to Build a High Yield Dividend Portfolio for Passive Income

ByDavid Hardman

High yield dividend stocks are the workhorses of passive income. These are companies that share a portion of their profits with their shareholders in the form of dividends. What makes them special? It’s in the name – “high yield.” These stocks are known for their above-average dividend payouts, making them attractive to income-seeking investors. According to data, high yield dividend stocks often offer yields above 4%, significantly surpassing the average market dividend yield of around 2%.

Investing 101: Tips for Beginners on Finding the Best Online Stock Broker

Investing 101: Tips for Beginners on Finding the Best Online Stock Broker

ByDavid Hardman

If you’re a beginner investor looking to start investing in the stock market, one of the first things you’ll need to do is select an online stock broker to work with. However, with so many options available, it can be overwhelming to know where to begin. That’s why it’s important to consider some key factors when selecting an online stock broker that will meet your needs as a beginner investor.

Beginner Investing in 2024

Beginner Investing in 2024

ByDavid Hardman

There are several reasons why people choose to invest their money. Perhaps the most obvious reason is to make more money. By investing in assets that generate returns over time, you can potentially grow your wealth faster than if you simply kept your money in a savings account or under your mattress.

Another reason to invest is to protect your money from inflation. Over time, the cost of goods and services tends to rise due to inflation. If you simply hold onto your money, it will lose purchasing power over time. However, by investing in assets that have the potential to grow faster than the rate of inflation, you can protect your purchasing power and maintain your standard of living.